UserRemoved
01-21-2011, 12:37 PM
State visit by China's President Hu Jintao yielded little in the way of trade concessions or commitment to human rights - NYPOST.com (http://www.nypost.com/p/news/national/chinese_tiger_ate_us_dove_for_lunch_7Ro396zi1n6vZr CwLsp05M)
:smash:
He is talking all about what a great deal he got us while doing his little humble shtick.
He is crowing about $45 billion in US exports he got China to agree to. That doesn't exactly close the more than $250 billion in trade deficits we rack up against the communist state each year.
Nearly half of the total value of those trade deals -- $19 billion -- is for aircraft from Boeing that China had already agreed to purchase as part of a larger deal going back to 2007. That was more than a year before the Dove Leader had even landed in our midst.
And Obama said he really busted Hu's chops over his country's unfettered piracy of everything from designer handbags to software to drugs to sophisticated electronic gadgetry that American companies have plowed billions upon billion of dollars of research and development into -- only to have rogue companies in places like China rip them off and flood the market with cheap goods.
For years, of course, China has denied many of the accusations of intellectual-property theft while at the same time claiming to crack down on the stealing.
Then came Hu's big concession to Obama -- perfectly illustrating his country's regard for intellectual property. Hu promised he would try to get his own government agencies to quit using pirated software.
His OWN GOVERNMENT AGENCIES???
You call this a concession?
No, that is called complete bamboozlement.
The other hot topic of negotiation was currency manipulation, and, apparently, Hu was not up for any lectures from the leader of a country so perilously drowning in debt and unable to quit recklessly spending money it does not have.
No specific "deals" were offered in that department.
Read more: State visit by China's President Hu Jintao yielded little in the way of trade concessions or commitment to human rights - NYPOST.com (http://www.nypost.com/p/news/national/chinese_tiger_ate_us_dove_for_lunch_7Ro396zi1n6vZr CwLsp05M#ixzz1BgzsUE7b)
:smash:
He is talking all about what a great deal he got us while doing his little humble shtick.
He is crowing about $45 billion in US exports he got China to agree to. That doesn't exactly close the more than $250 billion in trade deficits we rack up against the communist state each year.
Nearly half of the total value of those trade deals -- $19 billion -- is for aircraft from Boeing that China had already agreed to purchase as part of a larger deal going back to 2007. That was more than a year before the Dove Leader had even landed in our midst.
And Obama said he really busted Hu's chops over his country's unfettered piracy of everything from designer handbags to software to drugs to sophisticated electronic gadgetry that American companies have plowed billions upon billion of dollars of research and development into -- only to have rogue companies in places like China rip them off and flood the market with cheap goods.
For years, of course, China has denied many of the accusations of intellectual-property theft while at the same time claiming to crack down on the stealing.
Then came Hu's big concession to Obama -- perfectly illustrating his country's regard for intellectual property. Hu promised he would try to get his own government agencies to quit using pirated software.
His OWN GOVERNMENT AGENCIES???
You call this a concession?
No, that is called complete bamboozlement.
The other hot topic of negotiation was currency manipulation, and, apparently, Hu was not up for any lectures from the leader of a country so perilously drowning in debt and unable to quit recklessly spending money it does not have.
No specific "deals" were offered in that department.
Read more: State visit by China's President Hu Jintao yielded little in the way of trade concessions or commitment to human rights - NYPOST.com (http://www.nypost.com/p/news/national/chinese_tiger_ate_us_dove_for_lunch_7Ro396zi1n6vZr CwLsp05M#ixzz1BgzsUE7b)